U.S. Mortgage Opportunity Fund

As of April, 2016, BCI’s Board approved an investment policy for a new fund called the U.S. Mortgage Opportunity Fund. It offers higher risk commercial real estate loans that provide higher returns, compensating for the increased risk. The fund will deploy capital in the U.S. through a variety of investment platforms and may invest in mortgages with terms to maturity of up to 10 years and offers fixed term, construction, and mezzanine financing for varying property types.

The U.S. Mortgage Opportunity Fund is an actively managed fund that invests directly in mortgage funds and mortgages with terms to maturity of up to 10 years. The fund provides diversification to U.S. mortgage markets and offers fixed term or construction financing for multi-family residences, office, retail, hotels, industrial buildings and land development. The fund is benchmarked against Bank of America Merrill Lynch U.S. Treasuries (1–10) Year Index + 3 per cent over a four year moving average.